Songlorious Shark Tank Update | Songlorious Net Worth

Songlorious, featured on episode 2 of season 13 of Shark Tank, is a service-based business that offers custom-made songs to its customers in a simple three-step process.

Songlorious’ website allows customers to choose a genre, share their story, and receive a personalized song crafted by one of over 100 artists. The songs are created from scratch, ensuring a unique and high-quality musical experience.

Songlorious allows individuals to capture the essence of their most cherished memories or create new ones through a personalized and everlasting gift.

With affordable pricing based on song length and genre, Songlorious stands out by providing a heartfelt and one-of-a-kind gift-giving experience.

The business has gained significant traction with impressive sales figures and positive reviews, making it a compelling choice for anyone looking to cherish and celebrate special moments in a truly memorable way.

Company NameSonglorious
FounderEllen Atout and Omayya Atout
ProductPersonalized song creation service
Investment Seeking$400,000 for 10% equity
Final Deal Accepted$450,000 for 40% equity
Shark NamePeter Jones, Kevin O’Leary, Daymond John, Mark Cuban
EpisodeSeason 13, Episode 02
Business StatusIn Business
WebsiteVisit Website
Net Worth$4 Million (estimated)

What Is Songlorious?

Songlorious is a music company that specializes in creating custom music and songs. They offer original, studio-quality songs tailored to capture personal stories and emotions.

Songlorious is a service that creates custom studio-quality songs by professional music artists based on the preferences and stories provided by customers.

Customers can choose their favorite artist, genre, length, and mood for the song and share their story.

The professional artist then creates a personalized song from scratch, which customers receive in under 6 days. Customers have the option to listen to a snippet of the song before deciding to purchase it.

Songlorious Shark Tank Update | Songlorious Net Worth

The Songlorious song download package includes unlimited MP3 downloads, lyrics, and a personalized message from the artist.

Songlorious also offers original custom songs for various occasions like anniversaries, birthdays, weddings, Father’s Day, and more.

Customers can browse through hundreds of artists in different genres and listen to samples before selecting an artist for their custom song.

Who Is The Founder Of Songlorious?

Omayya Atout and Ellen Hodges are the founders of Songlorious, a music company specializing in custom songs. Originally based in Chattanooga, Tennessee, they started the venture in June 2020 from their apartment in Brooklyn.

Prior to Songlorious, Omayya Atout worked as a civil engineer, while Ellen Hodges was a barista. Both being musicians, a friend’s request for a wedding song sparked the idea.

The positive reception of their initial creation led them to establish Songlorious, aiming to help people tell their stories through personalized music.

Before appearing on Shark Tank, Songlorious had already built a strong foundation by offering original, studio-quality songs tailored to individual stories.

The brand boasted a diverse team of over 10,500 songs created by talented musicians selected for their professionalism. Clients could choose genres, song lengths, singers, and moods and share memories for inspiration.

The basic customization costs $45; costs increase with song length. The company’s success was evident through the high demand for its services among independent artists and musicians during the pandemic.

How Was The Shark Tank Pitch Of Songlorious?

  • Founders: Omayya and Ellen Atout
  • Product: Customized music based on customer preferences
  • Investment Sought: $400,000 for 10% equity
  • Valuation: $4 million
  • Sales: $700,000 in 2020, $1.1 million in 2021

Songlorious’ founders, Omayya and Ellen Atout, presented their innovative business model on Shark Tank centered around creating customized music tailored to individual tastes.

The founders were seeking an investment of $400,000 in exchange for 10% equity, the couple showcased Songlorious’s success in generating $700,000 in sales in 2020 and $1.1 million in 2021.

Songlorious Shark Tank Update | Songlorious Net Worth

The Sharks were impressed by the concept, with Peter Jones offering $400,000 for a 33.3% stake, while Daymond John proposed the same investment for a 20% equity share.

Ultimately, Mark Cuban, Peter Jones, and Kevin O’Leary collaborated on a deal, providing $400,000 for a 33% stake in the company. Daymond John later joined the partnership, increasing the equity to 40%.

Despite the founders’ counteroffer of $800,000 for 40% equity, they accepted the Sharks’ final proposal. This partnership marked a significant milestone for Songlorious’s future growth and development in the customized music industry.

Sharks’ Views:

  • Peter Jones offered $400,000 for 33.3% equity.
  • Daymond John offered $400,000 for 20% equity.
  • Mark Cuban, Peter Jones, and Kevin O’Leary partnered for $400,000 for 33% equity.
  • Daymond John joined the partnership for 40% equity.
Shark’s NameInvestment OfferedFounder’s Counter OfferFinal Deal Accepted
Peter Jones$400,000
Daymond John$400,000
Mark Cuban, Peter Jones, Kevin O’Leary$400,000$800,000 for 40% equityYes
Daymond John (joined the partnership)

Final Deal: Founders accepted $400,000 for 33% equity with Mark Cuban, Peter Jones, and Kevin O’Leary.

Did Songlorious Get a Deal on Shark Tank?

Ellen Hodges and Omayya Atout, the entrepreneurs behind Songlorious, successfully secured a deal on Shark Tank Season 13. They accepted an offer of $500,000 for 40% equity from Sharks Mark Cuban, Kevin O’Leary, Daymond John, and Peter Jones.

Since their appearance, Songlorious has flourished, generating over $2.9 million in sales and expanding their artist roster and genres. The company continues to thrive with a strong social media presence and positive customer reviews.

Also read, MuteMe Shark Tank Update | MuteMe Net Worth

What Happened To Songlorious After Shark Tank?

After their successful pitch on Shark Tank, Songlorious secured a $500,000 investment from four Sharks for a 40% equity stake.

The company’s valuation soared, reaching over $2.5 million in sales post the show. Their custom songs, priced between $45 and $230, have received over 7,000 positive reviews, showcasing customer satisfaction.

Despite the uncertainty surrounding the deal closure, Songlorious has been making strides in its business operations.

The founders, Omayya and Ellen Atout are reportedly considering expanding their music genres on the platform and introducing options for songs to be sung in Arabic and Spanish.

This strategic move aims to cater to a wider audience and enhance the customization options available to customers.

Songlorious has been supporting independent artists by sharing profits and tips, with artists earning between 35% and 55% of the song sales.

They have showcased emotional customer reactions on their Instagram page and are expanding their offerings to include Spanish and Arabic songs.

Songlorious Shark Tank Update | Songlorious Net Worth

Moreover, Songlorious has continued to receive recognition and feature in various publications such as The Today Show, CNBC, Business Insider, Forbes, and more. These media appearances have helped increase brand visibility and attract a broader customer base.

The co-founders, Ellen Hodges and Omayya Atout, are optimistic about the company’s future growth and aim to solidify their position as the leading custom song provider.

In terms of financial performance, Songlorious had an estimated sales figure of approximately $2.8 million by the end of 2022. However, there is no official confirmation regarding this number.

Despite the lack of concrete data on the company’s financials post-Shark Tank, Songlorious is actively pursuing growth opportunities and expanding its offerings to maintain its competitive edge in the market.

As of now, Songlorious is operational and focused on evolving its business model to meet the changing demands of its customers.

While the status of the Shark Tank deal remains uncertain, the company’s continued presence in the media and its efforts to innovate suggest that Songlorious is striving to establish itself as a prominent player in the customized music industry.

Also read, Long Wharf Supply Company Shark Tank Net Worth

Songlorious Shark Tank Update

After appearing on Shark Tank, Songlorious experienced significant growth and success in its business. The company did not go out of business; instead, it continued to thrive in the personalized music industry.

Following its appearance on Shark Tank Season 13, the founders, Omayya Atout and Ellen Hodges, secured a deal with Mark Cuban for a $400,000 investment in exchange for 20% equity in the company.

This investment not only provided capital but also valuable mentorship from Cubans, which helped boost Songlorious’ visibility and expansion.

The deal with Mark Cuban enabled Songlorious to leverage his expertise in scaling tech businesses, leading to increased patronage and interest in the service.

The company’s valuation post-Shark Tank was $4 million. With the investment and strategic partnership, Songlorious was able to enhance its operations, reach a wider audience, and further establish itself as a leading provider of custom-made songs tailored to individual stories and emotions.

Songlorious’ success post-Shark Tank is evident in its continued growth and positive customer feedback. The company has successfully crafted over 7,000 unique songs, each resonating with customers and marking significant occasions in their lives.

The positive reviews and testimonials from satisfied customers highlight the emotional impact and quality of Songlorious’ personalized music offerings.

Songlorious not only survived but thrived after its appearance on Shark Tank. The strategic investment, coupled with the founders’ dedication to providing high-quality, personalized music experiences, has solidified Songlorious’ position in the industry.

The company remains in business, continuing to connect with customers on an emotional level through the power of music.

Also read, Proper Good Shark Tank Update | Proper Good Net Worth

What Is the Net Worth Of Songlorious?

According to our research, Songlorious’s net worth is estimated to be $4 million. The valuation of Songlorious was $1.25 million after securing an investment from Peter Jones, Kevin O’Leary, Daymond John and Mark Cuban on season 13 of Shark Tank.

Rate this post